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Simplicity is the Key

  • #2,581
  • Apr 18, 2008 2:54pm Apr 18, 2008 2:54pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
There is one more thing that i notice in this EA is that it is not so stressfull trading it. At the beginning of the trade it is negative but just a few minutes it become positive. I really enjoy watching it do its trading. I only entered the trade that has a probability of being positive quickly about 80% of the time. And you dont see a lot of negative in your traded pairs.
whats the effect of the quickstart, i've notice that most of my losing trades have come from the first trade when a pair is opened, if we turn this off will it be more selective on the first trade?

I ask, because if we close out on fridays for the weekend, we find we have a draw down on monday.
  • #2,582
  • Apr 18, 2008 3:01pm Apr 18, 2008 3:01pm
Quoting MPP
whats the effect of the quickstart, i've notice that most of my losing trades have come from the first trade when a pair is opened, if we turn this off will it be more selective on the first trade?

I ask, because if we close out on fridays for the weekend, we find we have a draw down on monday.
dont worry about that, because im removing it in the next revision. sometimes we want a slow trade at the beginning. With a quickstarton it jump to trade immediately without the full analysis of the trend so i routed it to another checking of MACD. In the new EA i included the option of making a log file of all your trade. Like tick by tick what happend to the trade. if you dont like it just turn it false.
  • #2,583
  • Edited 3:11pm Apr 18, 2008 3:11pm | Edited 3:11pm
OK - got the Metatrader platform running at my job now. Hopefully they don't shut me down!

Anyway, I've run the latest EA for the past few hours and no trades have been taken yet. I know it's almost closing time, but shouldn't something have happened by now?
  • #2,584
  • Apr 18, 2008 3:12pm Apr 18, 2008 3:12pm
Quoting hansel
OK - got the Metatrader platform running at my job now. Hopefully they don't shut me down!

Anyway, I've run the latest EA for the past few hours and no trades have been taken yet. I know it's almost closing time, but shouldn't something have happened by now?
which one did you use??? i can tell you..
  • #2,585
  • Edited 4:20pm Apr 18, 2008 3:18pm | Edited 4:20pm
Quoting hansel
OK - got the Metatrader platform running at my job now. Hopefully they don't shut me down!

Anyway, I've run the latest EA for the past few hours and no trades have been taken yet. I know it's almost closing time, but shouldn't something have happened by now?
Hansel..
I have that problem before. I will tell you the solutions to that problem in the office.
Do not download the MT4 plat form from your office computer, your IT will know that. Download it from your house computer transfer it to a portable hardrive like the passport one with 120 g. Bring this p drive with you in the office. Most of this hard drive can be connected to a USB port and no power cord required(powered by USB) Now if you want to trade go to your hardrive and click on the executable file in the MT platform. and minimise your screen as possible. Remeber never to create a short cut in your office computer too. You can always remove your port hd and keep it.
  • #2,586
  • Apr 18, 2008 3:18pm Apr 18, 2008 3:18pm
I'm using the trader's best EA.
  • #2,587
  • Apr 18, 2008 3:18pm Apr 18, 2008 3:18pm
I have never used an EA before but if I remember right I have a demo from WHC trader that I will try one out on next week.

I guess I should wait for the revised EA trader101?
  • #2,588
  • Apr 18, 2008 3:22pm Apr 18, 2008 3:22pm
If you will be using the EA then you have to run it in your home computer because it should be running all the time. Now all you have to do is check it once in a while through the first method or... You can have you home computer set to hook up remotely. Then from your office computer hook up to your house computer once in a while to check your trade.
  • #2,589
  • Apr 18, 2008 3:24pm Apr 18, 2008 3:24pm
Quoting hansel
I'm using the trader's best EA.
Does not open quickly it is good for ranging market. if you use the Traders Delight it jump immediately. I am wondering where is my buddy CJ never heard from him the whole day.
  • #2,590
  • Edited Apr 20, 2008 7:02pm Apr 18, 2008 3:34pm | Edited Apr 20, 2008 7:02pm
OK the wait is over.. the EAs are here.. Some notes that should be followed. First removed any EA that you have related to this EA. We want to avoid confusion. I will allow you to add the 14th cPair of your choice provided it is less than 15 spread. You can trade metals if you want to( Ireally like to know what happend trading in metals & oil) Time frame is one hour. No indicator required. Just use on in any one chart. Trader Best if for ranging market, Delight if for trending market, Ultimate is the combination of two. No problem with the news. it will ride the news. do not change the SL of the TP. The more pair you trade the better but not less than 13 pairs.
  • #2,591
  • Apr 18, 2008 4:06pm Apr 18, 2008 4:06pm
Some more reminders and notes;
Please be aware of the drawdown it between 15 - 20 % of 3000 if you are trading 0.1 lots. You have to avoid margin call because it will destroy the EA. Avoid intervening with the procedure of the EA, since you are running only demo. Let the EA do its work. IF you want a recorded log turn that option to true and the file generated is in the folder /expert/files. Good Luck trading and please test this in all brokers platform available and prepare your weekly statement on this.
  • #2,592
  • Apr 18, 2008 4:11pm Apr 18, 2008 4:11pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Quoting trader101
OK the wait is over.. the EAs are here.. Some notes that should be followed. First removed any EA that you have related to this EA. We want to avoid confusion. I will allow you to add the 14th cPair of your choice provided it is less than 15 spread. You can trade metals if you want to( Ireally like to know what happend trading in metals & oil) Time frame is one hour. No indicator required. Just use on in any one chart. Trader Best if for ranging market, Delight if for trending market, Ultimate is the combination of two. No problem with the news. it will ride the news. do not change the SL of the TP. The more pair you trade the better but not less than 13 pairs.
I like 13 lucky number for me - this week i going for the ultimate.
  • #2,593
  • Apr 18, 2008 4:15pm Apr 18, 2008 4:15pm
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
? which 13 pairs are the most important, i've seen the 14 on 1 post and 6 on another?
  • #2,594
  • Apr 18, 2008 4:33pm Apr 18, 2008 4:33pm
Quoting MPP
? which 13 pairs are the most important, i've seen the 14 on 1 post and 6 on another?
Now we can use at least 14 pairs. The TDelight was suppose to be used for 6 curr pairs only. but what the heck, 6 pairs is boring .. right. But if you want slow trading then used the the TBest in 6 currencies.
THE CPAIRS:
EU, UCHF, UCAD, AU, NU, EURG, EURChf, - not volatile SL is 60
GU, UJ, EJ, GJ, GCHF, AJ THE 14TH IS YOUR CHOICE. - volatile pairs the SL is 100
OK here is the selection guide

Trader Best - good in slow rangin market, doesn not jump to trade quickly
Good with news.
Trader Delight - Good in trending market, jumps quickly when you open it (make sure your expert tab is red before attaching it). Good with the 6 high volatility pairs of jpy crosses and gchf.

Ultimate - Jumps to trade quickly, good in both ranging and trending, very good with the news. will trade a lot with 14 pairs about 130 trades a week. Reacts quckly to market price action.
so you have the choice to use. Good luck
  • #2,595
  • Apr 18, 2008 4:45pm Apr 18, 2008 4:45pm
Looks like we are still not contented with the 5 days of trading because we are still here lingering over the trading forums. The normally happends if you had a good week. Like a the last team to leave the stadium is always the winner. Anyways, i enjoy your company people. For those who PM me and a lot of you.. I will try to answer them as soon as i get the time, my apologies for not responding quickly. Have a nice weekend yall.
Trader101
  • #2,596
  • Apr 19, 2008 4:18pm Apr 19, 2008 4:18pm
Hello Trader101 and all others,
this is my first post here but I'm following your comments and discussions already for some weeks and would like to thank you all for this great thread.

I'm going to test your new EA's starting the coming week with different brokers. Unfortunately I discovered, that all the brokers I have in mind (MIG, NF, Alpari and Interbank) providing only 12 pairs in their Demo-Platform, gbpusd, usdchf, eurusd, usdjpy, audusd, usdcad, eurgbp, eurchf, eurjpy, gbpjpy, gbpchf, euraud.
Only NF provides also Gold.
Since you say that we should use as a minimum 13 pairs, how to proceed?
What is the problem when we use only 12 pairs?
Would it be better to change the EA to 12 pairs?

Anyhow I have to go with 12 pairs and we will see what happens.

Thanks again for the great support.
Best
Antomi
  • #2,597
  • Apr 19, 2008 5:16pm Apr 19, 2008 5:16pm
I think it would be wise to evaluate the calculations to make sure they are sound.
  • #2,598
  • Apr 19, 2008 5:38pm Apr 19, 2008 5:38pm
Quoting antomi
Hello Trader101 and all others,
this is my first post here but I'm following your comments and discussions already for some weeks and would like to thank you all for this great thread.

I'm going to test your new EA's starting the coming week with different brokers. Unfortunately I discovered, that all the brokers I have in mind (MIG, NF, Alpari and Interbank) providing only 12 pairs in their Demo-Platform, gbpusd, usdchf, eurusd, usdjpy, audusd, usdcad, eurgbp, eurchf, eurjpy, gbpjpy, gbpchf, euraud.
Only NF provides also Gold.
Since you say that we should use as a minimum 13 pairs, how to proceed?
What is the problem when we use only 12 pairs?
Would it be better to change the EA to 12 pairs?

Anyhow I have to go with 12 pairs and we will see what happens.

Thanks again for the great support.
Best
Antomi
Yeah i think it will work. is there any pair to replace EURAUD? Just use 11 if you cant find the replacement of EURAUD.
  • #2,599
  • Apr 19, 2008 5:55pm Apr 19, 2008 5:55pm
Quoting antomi
Hello Trader101 and all others,
this is my first post here but I'm following your comments and discussions already for some weeks and would like to thank you all for this great thread.

I'm going to test your new EA's starting the coming week with different brokers. Unfortunately I discovered, that all the brokers I have in mind (MIG, NF, Alpari and Interbank) providing only 12 pairs in their Demo-Platform, gbpusd, usdchf, eurusd, usdjpy, audusd, usdcad, eurgbp, eurchf, eurjpy, gbpjpy, gbpchf, euraud.
Only NF provides also Gold.
Since you say that we should use as a minimum 13 pairs, how to proceed?
What is the problem when we use only 12 pairs?
Would it be better to change the EA to 12 pairs?

Anyhow I have to go with 12 pairs and we will see what happens.

Thanks again for the great support.
Best
Antomi
I just check all the broker you mentioned and they have all the 13 currency pairs mentioned. Try the Show All option in your market watch window,
  • #2,600
  • Apr 19, 2008 6:41pm Apr 19, 2008 6:41pm
Trader101,
Thank you, that helped me out. Did not know this option.
Have a great Sunday and many pips next week.

Antomi
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